Veeco price target raised to $33 from $25 at Oppenheimer

Oppenheimer analyst Rick Schafer raised the firm’s price target on Veeco to $33 from $25 and keeps an Outperform rating on the shares ahead of quarterly results. The firm sees an in-line setup to consensus Q2 sales/EPS of $158M/30c and Q3 $170M/33c. Consistent with peer commentary, Oppenheimer sees export restrictions likely serving as a near-term tailwind, boosting demand for trailing edge LSA.